Diodes (NASDAQ:DIOD) Hits New 52-Week Low – What’s Next?

Shares of Diodes Incorporated (NASDAQ:DIOD) hit a new 52-week low on Friday . The company traded as low as $43.44 and last traded at $43.49, with a volume of 64039 shares. The stock had previously closed at $46.23.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Benchmark lowered their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Diodes Price Performance

The stock has a fifty day moving average of $52.87 and a 200 day moving average of $58.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 45.40 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. On average, analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 over the last quarter. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Diodes

Several institutional investors have recently bought and sold shares of DIOD. Truvestments Capital LLC purchased a new position in shares of Diodes during the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Diodes in the fourth quarter valued at about $79,000. Sterling Capital Management LLC increased its stake in shares of Diodes by 789.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,145 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 533 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.